You want to take power. You want the people you choose to inherit the fruits of your labor. You want a special heirloom to find someone. Do you have the will to spell it out?
Here are 5 reasons you should do.
- What happens if you don't have a will? from
Death without a will is called death "intestate." You are a testator - someone who can give orders - if you don't, then you are intestate, which means that the court will decide for you according to the laws of your state. This may mean that when they comply with the law, the person who becomes the beneficiary - the person who receives your assets - may not be the one you choose. - My spouse and I can have a common will, right? from
error! Well, you can, but not recommend, even in some states, you won't even be recognized. Spouses rarely die at the same time. In addition, each of you has your own life. You may have assets that are not jointly held, or you may wish to leave the assets to someone in the past, such as children from other marriages. - Can I leave some things to some people? from
You want the best friends of your childhood to play with your antique dolls. You don't want your sister to take the necklace your mother gave you; you want it to go to your daughter. You can make these bequests and more. Please follow your wishes in order to follow your wishes. - Can someone compete with my will? from
The competition is a challenge to the legal effect of the will. Your state law will apply, but in some cases, a spouse, former spouse or child may attempt to violate a will that violates the local probate law. The best defense is a good offense. Only the validity of the will can raise objections through such means as claiming competence or coercion or fraud. Clearly drafting the legal will should stop the challenge. - Who should be my executor? from
this is your choice. It may be your spouse [if he or she is still alive], a child or a trusted friend. If you feel that you need extra help because of the complexity of the transaction, you can also designate a lawyer or financial advisor.
Another question that often arises is, do you need a lawyer to prepare your will? The answer is no. You can even write on a napkin or use an online program - if it meets the legal requirements of your state. However, an experienced family lawyer will understand the laws of your state and be able to better protect your assets through strategies such as life trusts. A family lawyer may be well worth his or her expenses!
Orignal From: 5 reasons for willingness
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